May 9, 2011

How Can I Help my Parents With the Prospect of Downsizing?

Question: Our parents have decided to move from our family home of 43 years to a 2-bedroom apartment in a retirement community. The prospect of downsizing can be overwhelming. How can we help them move forward through this emotional time? Get your parents involved in the move decisions as much as possible. Their involvement will affect how well they adjust to the move. Break the tasks of downsizing or... read more

Apr 7, 2011

Trying to Get My Parents to Spend Money on Themselves is Like Pulling Teeth! What is That About?

A – This question points us to a good example of the impact of Age-Effect and Cohort-Effect on attitudes and behaviours in todays seniors. We know that all of us tend to become more conservative as we get older. This is an age-effect. We become more risk-averse; we place more emphasis on safety and security in our attitude towards money and how we use it. Many of todays seniors were touched by the... read more